The Goldman Sachs Group Begins Coverage on Figure Technology Solutions (NASDAQ:FIGR)

Investment analysts at The Goldman Sachs Group initiated coverage on shares of Figure Technology Solutions (NASDAQ:FIGR) in a research note issued on Monday,Benzinga reports. The firm set a “buy” rating and a $42.00 price target on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 4.22% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Wall Street Zen raised Figure Technology Solutions to a “hold” rating in a research note on Monday, September 22nd. Mizuho started coverage on shares of Figure Technology Solutions in a research report on Monday. They set an “outperform” rating and a $47.00 price objective on the stock. Keefe, Bruyette & Woods began coverage on shares of Figure Technology Solutions in a report on Monday. They issued an “outperform” rating and a $48.50 target price for the company. Finally, Piper Sandler initiated coverage on shares of Figure Technology Solutions in a research report on Monday. They issued an “overweight” rating and a $50.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Figure Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $46.69.

Figure Technology Solutions Trading Down 2.4%

Shares of NASDAQ:FIGR opened at $40.30 on Monday. Figure Technology Solutions has a twelve month low of $30.01 and a twelve month high of $46.20.

Insider Buying and Selling at Figure Technology Solutions

In related news, CEO Michael Benjamin Tannenbaum sold 297,171 shares of Figure Technology Solutions stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.00, for a total value of $7,429,275.00. Following the transaction, the chief executive officer owned 4,092,576 shares in the company, valued at approximately $102,314,400. This trade represents a 6.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Adam Gilbert Boyden sold 468,860 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $25.00, for a total transaction of $11,721,500.00. Following the sale, the director owned 6,651,158 shares of the company’s stock, valued at approximately $166,278,950. This represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here.

About Figure Technology Solutions

Figure is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity.